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NBC
Dec 30, 2012 11:30pm EST
they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland would be hit hard. hundreds of millions of dollars and tens of thousands of jobs lost. >> we have a lot of federal workers and businesses that rely on the federal government. many are watching the negotiations closely. if partisan politics prevail and they cannot reach a deal, americans in maryland will burden will -- will be burdened. legislativent of observances had a report about what the impact would be. if we fall off the fiscal cliff. maryland will lose $178 million in funding next year. economists say to make up for it, the state will have to make cuts. >> it will be a challenge to make the ends meet. >> the greater economic impact could be huge hit in sales and income revenue. the state would lose about $268 million in 2013 and another million in 2014. >> small business innovation. these are tied up in those revenues. >> the already struggling job market would take a hit. >> the 53,000 -- the 53,000 jobs is conservative, but other people believed it could be higher. >> a tax i
CSPAN
Dec 31, 2012 10:00am EST
, there is no more time and the american people are depending on us for a solution to avoid this fiscal cliff. thank you. i yield back. the speaker pro tempore: the gentlewoman yields back. for what purpose does the gentleman from la rise? -- from louisiana rise? without objection. >> here we are on new year's eve, working to avoid this latest fiscal cliff. of course, if you wonder why we are here, just look at the fact that we shouldn't have to be here. back on august 1, this house with a bipartisan vote, passed the bill that would have avoided this fiscal cliff. it would have protected every american family from seeing a tax increase. mr. scalise: the bill passed on august 1 and it's been sitting over in the senate every day since then. here we are new year's eve and the senate's finally rolling up their sleeves and working to avoid this crisis. here we are in another crisis and unfortunately as we look towards this new year tomorrow, this is not the last time that we may be here. we passed a budget here in the house months ago. it's been more than three years since the senate passed a budget. yet
CBS
Dec 29, 2012 6:00pm EST
're out, stay out. live in green belt tonight, ko im, 9 newsp. >> thanks, ko. >>> the fiscal cliff deadline is looming and senate leaders are trying to avert so the- called fiscal cliff. president obama says there is still time to reach an agreement, but he chastised lawmakers for waiting until the last minute. >> we're now at the point where in just a couple of days, the law says that every american's tax rates are going up. every american's paycheck will get a lot smaller. that would be the wrong thing to do for our economy. >> divided government is a good time to solve hard problems. in the next few days, leaders in washington have an important responsibility to work together to do just that. >> congressional leaders could present legislation to senators as early as tomorrow with a vote possible on sunday or monday. >>> coming up on 9 news -- ♪ [music] ♪ a local music legend dies. we'll have a look back at the career of mike aldredge. >>> welcome back, everybody. local blue grass music legend mike aldredch has died of cancer. he would have been 74 tomorrow. ♪ [music]
CBS
Dec 28, 2012 6:00pm EST
. >> and happy new year to you. >> thank you, gary. >>> and economists are warning that going over that fiscal cliff could pull us all back into recession. congress impressional democrats attended a new year's eve style rally saying the fiscal cliff ball is in the republican court. surae chinn is on capitol hill. >> i'm urging congress to take action, stop playing games, and let's move on. >> reporter: frustration has boiled over for bob packer, a small business owner. >> i'm disappointed and angry. if they were my representeddives, i'd certainly vote them out of office. >> on tie mitchell of brokering a deal is waning. >> we do have a chance, an outside chance to get this done. >> we need two words. presidential leadership, on not just taxing rich people. >> reporter: some democratic lawmakers are calling on the house speaker to call house republicans back to work. >> bring the house back now. show up to work. >> reporter: the speaker has ordered republicans back on sunday but democrats want them to return sooner. both sides are blaming each other for the lack of compromise. democrats say hou
MSNBC
Dec 31, 2012 10:00am PST
. thank you. >> that's right. >> a deal on the fiscal cliff may be at hand, but there's still a lot to do, and not a lot of time to do it. delaware democratic senator chris kuhns. thank you for taking the time. i want to talk about something first that your colleague tom hashi harken said on the senate floor. let's come back and talk about it. >> it looks like all of the taxes will be made permanent, but all of the other things that the middle class and america really depends on. one year or two years at the most, but the tax system is made permanent. well, i just think that's grossly unfair. grossly unfair. as i have said before, no deal is better than a bad deal, and this looks like a very bad deal the way this is shaping up. >> so, senator kuhns, is $400,000 on individuals a bad deal as tom harken described, it or is some deal better than no deal at this point? >> well, first, let's just talk about our broader values and the context we're operating in. given the real financial strains on our federal budget, given divided government where the house is controlled by republicans, the sena
ABC
Dec 26, 2012 6:00pm EST
. >>> efforts to avoid the fiscal cliff will get underway tomorrow. president obama spent the day in hawaii thanking the troops for their service. time is running out and so far, lawmakers have struggled to find a compromise. >> then they say go back to the table, not your own table, but the table in washington because middle class people shouldn't have their income go up an average of $2,000 a year. >> some experts say a smaller simpler deal that delays the toughest issues could get us over the fiscal cliff gently. >>> starbucks is taking a stand on the fiscal cliff. the chain's ceo is asking stores to write "come together" on the coffee cups they sell tomorrow. starbucks says workers are not required to write the message though. >>> there is a positive sign for the economy that housing is rebounding. home prices were up more than 4% in october compared to a year ago. that's the biggest percentage gain in more than two years. despite increase home price are still down 29% from the peak in june of 2006. >>> it's become as much of a seasonal shopping tradition as black friday, the day people
CBS
Dec 28, 2012 5:00pm EST
, thank you. >>> derek, you might remember a few weeks ago we built, then broke out the 9news fiscal cliff soapbox, giving our passionate viewers a chance to sound off on the impending fiscal cliff. now that the cliff is within spitting distance we thought it might be a good time to head out again with the soapbox. earlier today that's exactly what i did with a lot of help from photojournalist chip and producer elizabeth. >> reporter: what do you do for a living? >> i'm in the government. >> reporter: so you're an insider. >> maybe an outsider. >> reporter: what do you make of this whole fiscal cliff mess? >> what should i think? it seems like a giant baby- sitting gig in a way. >> i'm really disappointed because, one, our lives are in other people's hands, and if you raise the taxes, then how are we going to survive for 2013 and on? >> i'm just, like i say, waiting to see what comes up, hope for the best. >> a lot of people don't know that we will automatically see a 2% decrease in our take-home tax. >> reporter: are you angry? >> not so much angry. just frustrated and confused by it all.
CNN
Dec 31, 2012 4:00am PST
. >> thank you. appreciate it. >> that's how we become famous, make a compelling fiscal cliff video. gangnam style. >> ahead on "starting point," a health scare for hillary clinton. the secretary of state is in the hospital being treated for a blood clot. the latest on her condition in a moment. >> and 16 hours and counting until the fiscal cliff free fall. can they possibly get something done? sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. [ dog barking ] ♪ [ female announcer ] life is full of little tests, but your basic paper towel can handle them. especially if that towel is bounty basic. the towel that's du
FOX
Dec 28, 2012 5:00am EST
. traffic. >> thank you, jeff. >>> in the developing fiscal cliff negotiations with the clock sticking, top lawmakers are being called to the white house today. it is the first face to face meeting with the president since december 16th. sherry ly is live on capitol hill with the latest. good morning. >> reporter: well, we are here at the white house where that meeting is set to take place at 3:00 this afternoon. it comes with just a few days left to reach a deal or the nation will go over what has become known as the fiscal cliff. the result of going over that cliff would be tax increases and billions of dollars in automatic spending cuts. but as the hours tick down, the negotiations do not appear to be heating up. in his opening remarks on the floor of the senate yesterday, democratic majority leader harry reid accused republican house speaker john boehner of running a dictatorship in the house that is blocking a deal. the speaker has called the house back on sunday leaving just 24 hours for a deal. it is becoming clear though that the solution to the standoff is not going to come solely
FOX
Dec 29, 2012 10:00pm EST
>>> this weekend is about the battle of the countdowns, the countdown to the fiscal cliff and the countdown to kickoff at fed ex field. thank you for joining us for the news at 10. i'm maureen umeh. attention-filled weekend as lawmakers try to beat the fiscal cliff clock and the redskins host the cowboys in one of the most crucial games of the season. we'll get to those stories in a moment. first, it was not quite the winter wonderland many of us hoped for. for a few hours, many of us saw the snow make an appearance today and now that most has turned to slush, forecasters are worried that near-freezeing temperatures could make for a dangerous situation on the road. tucker barnes has more. >> reporter: could be a couple of icy spots out there late, particularly north and west and we got the snow during the day anywhere between a trace and maybe two inches, if you have to the west of the city. let's go to the maps then, again, the system new winding down. you can see the last of it. there you go. pushing up now north and east of new york city. and still some leftover snow in
CSPAN
Dec 30, 2012 7:00am EST
. caller: thank you for taking my call. to me, the fiscal cliff is just a small smokescreen. the fiscal cliff that is coming is obamacare. nobody is addressing obamacare. i had to find out friday that we will be taxed 2.3% on any device used in any medical field we go to. my husband is a doctor. he wrote out a prescription for us for january, and he said, i do not know how much this will cost you a of pocket because of obamacare. he even said, my husband is over 70, he did not know how much water he would be able to help him because of obamacare. this is just a smokescreen. when people find out that not only will we be taxed on medical devices, but even our debt bills will be going up because of our animals -- this thing is a joke. you liberals out there, you'll be hit just as hard as the republicans. as the tea party warn you that this will happen. host: let's give the guys at the chance to comment on health care law and its place in this debate. guest: it is not part of the fiscal cliff. there is a tax increase because of health care reform act. it is not considered part of the fiscal
CNN
Dec 29, 2012 11:00am PST
, the fiscal cliff is more than just an american problem. thanks again. >> thank you. >>> they are words that one university wants to get rid of. amazing. baby bump. ginormous. and man cave. so what words and phrases are getting the boot for 2013? we'll look at top contenders coming up. >>> martin, at the leading cause of accidental deaths in this country is no longer car accidents. instead it's perfectly legal prescription pain killers which now kill more people than cocaine, heroin and methamphetamines combined. we're going to look at how disturbingly easy it is to take a deadly dose and how warning labels don't paint a true picture. we've got that ahead, 4:30 p.m. eastern. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. just like you. customer erin swenson boug
CBS
Dec 31, 2012 7:00pm EST
and confused, that's how many americans say they are feeling as we near the fiscal cliff. early today, dozens of people stopped what they were doing to watch the president's statement thank you miami -- at the museum. they were hoping to hear the president say we've got a deal. instead all they heard was a deal is in sight but not done yet. >> very frustrating that they have been at this for months and months and it's now 12 hours away and we are very close, very, very close, that's great but i would like to see it done. >> this congress has already been called one of the most ineffective in modern history. what happened on capitol hill today only solidified that in many people's minds. we have made it easy for you to track all of the latest developments on the fiscal cliff. just head to our website, wusa9.com, and click on fiscal cliff. >>> 2012 ends tragically for a family of a prince william county police officer. officer chris yung died in a crash at the intersection of nokesville road and piper line in briscoe. deborah joins us live in prince william county with more. >> reporter: it is
FOX News
Dec 28, 2012 6:00am PST
." thank you. gregg: this lawmakers do not reach a deal with regard to the fiscal cliff cuts will go into the defense department. >> reporter: the whole package of spending cuts is $1.2 trillion, half to the defense department. the army, navy, air force marines would take equal cuts according to one analyst who says the impact on the military overall will be, quote, very serious. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this says it could mean layoffs. >> the large defense contractors will probably be okay, they have significant cash reserves, most of them. the smaller contractors would have trouble getting their lines of credit extended, trouble keeping t
ABC
Dec 28, 2012 4:30am EST
. >> thanks. >>> there is one way to save money if congress doesn't resolve the fiscal cliff. fill out the application for the homestead tax credit a half million maryland home own verse not filled out -- homeowners have not filled out the form. yo no -- you no longer get the credit automatically. you have to fill out the application to cut out the fraud. >> we have been a homeowner for 30 years so i wantmy money. >> everybody has 2 amcation --applications mailed to their home. >> you must have be application post marched by december 31st. go to our website for more information. >>> put the harps back in the closet the words from former president george h.w. bush to those concerned about his health this morning. his family is confident he will be out of the icu very soon. he is treated in the intensive care unit for a fever at the hospital in houston where he's been for a while. the 88-year-old has been in the hospital for more than a month after first coming down with broonchitis. he is the oldest living former president. >>> and one of the nation's top warriors is being remembered fo
ABC
Dec 28, 2012 6:00am EST
. just four days from going over the fiscal cliff. within the past 24 hours there have been no signs of a deal. lawmakers continue to blame each other for the stalemate. edthat has prompted president obama to call a meeting at the white house. >> in what is seen as an aa last-minute attempt president obama has called a meeting with nancy pelosi, mitch mcconnell, john boehner, and harry reid. they have before you are days to reach an agreement or the u.s. economy will go off the fiscal cliff. s when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides if are involved in a high-stakes political blame game. >> we are here in washington working. the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president will be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline. as i said, this is a conversation we should have had months ago. >> democrats want to extend
FOX
Dec 29, 2012 6:00pm EST
the fiscal cliff, some are having fun with the looming deadline. check out the electric road sign in portland, oregon. someone hacked it and changed it to read fiscal cliff ahead, january and february. >>> we'll hear from robert griffin on the eve of the biggest nfl game. that is robert griffin 3, thank you very much, and navy looks for a san francisco treat in the fight hunger bowl against arizona state. lindsay murphy is up next in sports. sports. . >>> good evening, i'm lindsay murphy. there is a saying in sports that it's not how you start but finish. and the navy football team knows a thing or two about that. they lost by 40 points to notre dame to start the season and closed out the year winning seven of eight, earning the ninth bowl big bid in 10 years. the midshipman marching for the fight hunger bowl against arizona state, the game's first possession, the sun devils, taylor kelly with the play- action fake and connects with ross, 16 yards for the score. the sun devils built a 21-0 lead after one quarter of play and to the second quarter, the great job alluding pressure and hits matt
FOX News
Dec 27, 2012 8:00am PST
knew the fiscal cliff could hit you hard in the paycheck should we go over it but do you know what it will do to your grocery bill? what could happen to the price of milk come the 1st of january if washington can't make a deal. my teenage son is going to not like that. >>> forget stealing mail. police say this guy went bigger. the unbelievable way investigators say he spent his christmas. jon: now some crime headlines we're keeping an eye on. a police officer killed while on patrol in suburban milwaukee on christmas eve. now her husband is behind bars, arrested on a tentative charge of first degree homicide in his wife's death. her body was found shot several times after she stopped responding to radio calls. >>> well a mail thief raises the stakes. police in anchorage, alaska, say this guy, clifford, dancer, stole four mailboxes this holiday season. and not private mailboxes. he stole the big blue ones they say, the kind you find on street corners. got busted when he tried to cash a check someone dropped in one of those boxes. >> a notorious chicago mobster dies in a federal priso
MSNBC
Dec 31, 2012 8:00am PST
're keeping our eye on the senate back in session with the fiscal cliff talks now down to the wire. the big question is even if the senate reaches a deal as they continue the debate will republicans pass anything with tax hikes in the house? up next republican congressman tom cole. and baby makes three. kim kardashian and kanye west's big baby announcement. also, sydney, australia celebrating the new year just three hours ago with fireworks over the famous opera house. in new york city, an already crowded times square. people waking up there. our big question what is your new year's resolution for 2013? tweet me at richard lui. we'll share some of your comments later. >>> a live look at the markets which appear to be taking going over the fiscal cliff in stride. many people say it is built into the market. many investors are still confident leaders will strike some sort of deal as talks go down to the wire and even if they don't they are counting on senate majority leader harry reid to present a backup proposal to limit some of the damage. we're watching live pictures on the right-hand side
FOX
Dec 31, 2012 7:00am EST
to reach a deal to avert the fiscal cliff. with time out we're looking at what's held up the deal and what the lack of one will mean for the nation. a little later on, talk to jerry conley. first we turn to representative phil row. we appreciate you coming in on new year's eve. >> thanks. glad to be here. >> i know senate leaders met over the weekend and things were not going well. they've called in vice president bide entobroker some sort of a deal. looking at how things are going, do you think we're going to have a deal? >> you know, an agreement could be reached. let me take the step back. this is not the way to run the country. the american people are frustrated by this process. we have a process to get a bill passed and that's to bring it up to the house. it goes to the various committees , house floor, over to the senate. they don't like it, they send it back to us. goes to conference committee and send it to the president. that is how the country is supposed to be run. any agreement now has to be small because there's not enough time for both parties to look at it and decide what's
ABC
Dec 30, 2012 6:30pm EST
in a little bit. joce. >> thanks. cliff hanger continues in washington tonight. democrats and republicans still wrangeling over left lation to avert the so-called fiscal clf tax increase and budget cuts set to go into effect january 1st. we have a report there's no sign of a deal yet. >> reporter: as senators convened in a rare sunday session, they heard this prayer from the senate chaplain. >> look with favor on our nation and save us from self- inflicted wounds. >> reporter: the clock is ticking towards the new year's eve midnight hour when tax hikes and budget cuts swoop down from the fiscal cliff. the two senate leaders harry reid and mitch mcconnell are work on a stopgap bill. >> at some point, the negotiating process, it appears that there are things that stop us from moving forward. i hope we are not there but we are getting close. >> i want everyone to know i am willing to get this done. but i need a dance partner. >> reporter: the legislation would prevent a tax increase for reveille 98% of the -- for roughly 98% of workers extend unemployment benefits and prevent a huge cut in p
NBC
Dec 29, 2012 11:00pm EST
from the fiscal cliff. sources tell nbc news party leaders in the senate are drafting a small stop-gap plan. the question is whether minority leader mitch mcconnell and majority leader harry reid can draft a bill that will pass the house. any bill that does come up for a vote tomorrow or monday will likely not address massive spending cuts but lawmakers are trying to avoid tax increases for most americans. nbc's david gregory talked to president obama about negotiations today in an interview that airs on "meet the press" tomorrow. the president continues to be optimistic but he, i think, in part is doing the interview on "meet the press" because he wants to keep the pressure on republicans to get something done and made very clear in the course of the interview that there's a political cost to be paid if there is not a deal. you can see the full interview with the president from the white house tomorrow morning on "meet the press" at 10:30 right here on nbc 4. >>> some good news for former president george h.w. bush tonight. he's out of intensive care. the 88-year-old's been in the
CNBC
Dec 31, 2012 6:00am EST
,661 an ounce. joe. >> thank you. lawmakers are continuing fiscal cliff discussions this morning. let's get to john harwood with an update. i have now am viewing the ball falling tonight. if there is not a deal -- and i don't know, you're going to tell us what the chances are, but that gives a whole new meaning as that's coming down. we hit the cliff when that -- >> that would be the bottom of the cliff. >> this is the first time ever when it's more than just ushering in a new year, but it would usher in serious fiscal head winds. >> it would, but there's still a chance this is going to work. >> have you talked to anyone this morning? >> i did. i got a message this morning on my blackberry about ten minutes ago from our senate republican source who said talks with biden were good last night. they went late. that is a promising sign that there is still a chance. they didn't break down, but there's still a chance that biden and mcconnell can come out with some sort of a deal, maybe the income threshold would be $400,000, maybe it would be $500,000, but it looks possible that they're going to
FOX
Dec 28, 2012 5:00pm EST
have breaking news from the white house where president obama is talking about the fiscal cliff after a meeting with congressional leaders. let's listen in. >> also ask lobbyist americans to pay a little more. above all, protect our middle class and everyone who is striving to get into the middle class. i want to still get this down. the right thing to do for our families, our businesses, and for our entire economy. but, the hour for immediate action is here. it's now. we're now at the point where, in just four days, every american's tax rates are scheduled to go up by law every american's paycheck will get considerably smaller. and that would be the wrong thing to do. for the economy, would be -- it would be bad for middle-class families and for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class. and i am optimistic we may still be able to reach an agreement that can
CBS
Dec 24, 2012 5:00am EST
the fiscal cliff, democrats and republicans have left the capitol for their respective homes. for the majority of the country, that means we are essentially going over the cliff. president obama is in hawaii for christmas with his family b. before he left, he urged congress to adopt a stopgap measure to prevent taxes from rising on people who make less than $250,000 a year. he also asked for a plan to keep providing benefits to unemployed workers. house speaker john boehner is home in cincinnati. he failed to get members of his own party to support his plan b proposal to end the crisis. he said the stalemate and failure of plan b rests with the democrats. >> what the president has offered so far simply won't do anything to solve our spending problems and begin to address our nation's crippling debt. instead he wants more spending and more tax hikes that will hurt our economy. and he refuses to challenge the members of his matter to deal honestly with the entitlement reform and the big issues that are facing our nation. that's why we find ourselves here today. >> president oba
FOX
Dec 28, 2012 6:00am EST
thoughts on all of. this what do you think about congress not reaching a deal so far on the fiscal cliff? share your comments on our facebook page. just search for fox 5 morning news. no space between fox and the number 5. we may share your comments on air. >>> also in the news today, remembering an american hero. desert storm commander norman schwarzkopf has died. the retired general died yesterday from come indications of pneumonia. he was given the nickname stormin' norman. >> president george h. w. bush from his hospital bed described him as quote be a good and decent man. the elder bush is still in intensive care in houston but his long time chief of staff says put the harps back in the closet. she says the former president is expected to be in the hospital identify long time but is getting the best care. and his family is still optimistic the 88-year-old will make a full recovery. >>> president vladimir putin just signed a bill banning americans from adopting russian children. it is in retaalation united nations for a new law passed by congress that punishes officials for human rig
CSPAN
Dec 31, 2012 5:00pm EST
of the fiscal cliff. mr. mccain: may i thank the senator from maryland, as always, for her usual courtesy and i think she had a very important message and i appreciate not only the words themselves but her eloquence and passion. mr. president, i ask unanimous consent that the senator from south carolina be included in a colloquy during my remarks. the presiding officer: without objection. mr. mccain: mr. president, i, like i believe all of us just finished watching the president's remarks at -- i guess it was the executive office building. and i'm not sure yet as i sort out my impressions of the president's remarks as to whether to be angry or to be saddened. i've been around this town for a number of years, and as is well known, i had an interest in the presidency more than academic and i've watched a lot of presidents, going back to president reagan from the standpoint of a member of congress. and i've watched these other crises as we go through them, whether it be the potential shutdown of the government when newt gingrich was speaker of the house, we've seen these other crises as the debt l
NBC
Dec 31, 2012 12:00pm EST
and tens of thousands of jobs if we go off the" -- off the fiscal cliff. we have more on how the gridlock in d.c. is impacting us across the border in maryland. >> it partisan politics prevail and the cat -- deal, some say maryland could shoulder a greater burden than some other states. the department of legislative services put together a report that estimates just tell adverse the impact would be. if we fall off the fiscal cliff and automatic spending cuts kick in, researchers estimate maryland will lose $117.6 million in federal funding next year, money already in the state budget. economists say to make up for, the state will have to reallocate spending and make cuts. >> and perhaps raise -- raise a threshold for any kind of aid that has federal funds tied to it. it will be a challenge to make ends meet than. the report estimates 53,000 full and part-time jobs will be lost in 2013. that number could be much higher. a huge hit in sales and income tax revenue means the state would lose about $268 million in 2013. and another $635 million in 2014. >> the ability for the state to be the l
FOX
Dec 31, 2012 6:00am EST
't tell with all this fiscal cliff talk and these down markets in the past five days but it has been a really good year for the stock market. the dow is up nearly 6% this year. the s&p is up 11.5% and the nasdaq is the big winner up 13.6% this year. so everybody made money. con congratulations, i know it doesn't feel like it but it was of a good year as we reflect back on everything that happened in 2012. >> let's talk about where you are right now. lots of activity, the big crystal ball drop. give us the rundown of what it will be like there tonight. >> crazy and cold. so in just a couple of hours from now at 11:00, they shut down times square behind me. no one can get in or out. they do a massive security sweep. the security is very tight. effect's bags are checked and then can you come back in at 3:00 p.m. that is when the party starts. but it really kicks off at 6:00 p.m. with the opening ceremonies and performances by taylor swift, et cetera and then at 11:59, we see the big 12,000 pound waterford crystal ball drop. the theme of that ball is let there be peace for the new year a
FOX Business
Dec 27, 2012 6:00pm EST
the fiscal cliff talks? and some new years resolutions on congress. we will be right back. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty mh access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. gerri: it is official coming house will be back to deal with the fiscal cliff monday afternoon. harry reid asked the politicians to blame john boehner for everything. joining me now, chairman and cofounder. great to have you back. i mean, come on, harry reid was crazy today. >> american people i don't think understand the house of representatives is operating without the house of representatives. it iit's being operated with a dictatorship of the speaker. gerri: how do you respond to that? john boehner quinones says to make everything not happen? >>
FOX
Dec 24, 2012 6:00am EST
the fiscal cliff. no official talks are scheduled and lawmakers have left d.c. for the holiday break. president obama is in hawaii but may return early to resume negotiations. taxes for all americans will go up if a deal is not reached by january 1st. the main sticking points are tax hikes and spending cuts. >>> we are learning more about the dui arrest of a u.s. senator. mike crawl crapo was pulled over in alexandria. an officer said he saw him run a red light. police say he registered a blood alcohol level of .11. the legal limit in virginia is .08. the senator was released on bond about four hours later. the senator released a statement sunday saying i am deeply sorry. i made a mistake for which i apologize to my family, my idaho constituents and any others who have put their trust in me. he is due in court january 4th. >>> heading home for the holidays. nasty weather out west makes the journey longer for some people. we will take a look at mother nature. ♪ because we know how much you do to make the holidays just right. from ornaments to ottomans, memories are made with ikea. >
CNN
Dec 28, 2012 6:00am PST
the fiscal cliff's effects on your pocketbooks and he'll be back with us next week with more advice to keep you ahead of washington. >>> this is interesting, some are calling this the container cliff, thousands of dockworkers from maine to texas are threatening to strike on sunday. we're going to tell you about how this could cost you and affect the economy. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> as if the looming fiscal clif
NBC
Dec 31, 2012 5:00am EST
24 hours now to avert the fiscal cliff. aide say lawmakers are working around the clock behind closed doors to broker a deal with several options on the table. republicans reached out to vice president biden for help with negotiations. meantime, president obama sais he's still cautiously optimistic. nbc's danielle lee is live on capitol hill with the latest. good morning, danielle. >> richard, good morning. the senate will get back to work on this very issue at 11:00 a.m. today. twh they do, they will not have a lot of time to avoid the massive spending cuts and tax increases. democratic leader harry reid says they hope to have an announcement. but at this time, lawmakers say they are still looking at a significant divide, specifically on at what point, what salary should taxes increase. aides say lawmakers did make significant progress over the weekend, specifically on the issue of tax increases for the very wealthiest americans and avoiding the inheritance tax increase and republicans gave up on their demand for social security, cuts to social security to be a part of this deal. dem
CNN
Dec 24, 2012 11:00am PST
. >> okay, alexandra steele, thanks very much. >>> from fiscal cliff to crime and punishment, we'll show you our top ten stories of 2012 next. >>> you know me as carl. hey, mom. stationed in germany. shoutout to all my family in trentth, new jers trenton, new jersey. i miss you all, i love you all. if you missed it, it's your fault. i did my part. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> here is the mug shot after crapo's arrest in a washington, d.c. suburb. he's a mormon and
NBC
Dec 29, 2012 7:00am EST
a deal on the fiscal cliff today, hoping to avoid steep spending cuts and tax increases. kristin welker is at the white house where the president had a high-profile meeting with congressional lawmakers on friday. good morning. >> reporter: carl, good morning to you. all eyes are on the senate this morning as majority leader harry reid and minority leader mcconnell true to cobble together a last-minute plan to avoid the fiscal cliff. president obama saying he is modestly optimistic that they can come up with a plan in time. on friday, president obama met with the four top congressional leaders here at the white house for about an hour. sources close to those talks say that the president gave lawmakers two options, either come up with a plan that can make it through both chambers or put his proposal up for a vote. under the president's plan, the bush-era tax cuts would be extended for those making $250,000 or less with rates allowed to raise on top income earners. it would also extend unemployment insurance benefits. president obama saying the time for action is now. >> the american peopl
FOX
Dec 28, 2012 7:00am EST
that done or milk prices go up and with the fiscal cliff, massive tax increases and spending cuts. that's the latest here at the white house, back to you. >> thank you, sherri. >>> we've been getting responses to the cliff talks on our facebook page. that's where we asked you, what do you think about congress and the white house not reaching a deal on the fiscal cliff? do you think it's possible that a compromise will be reached before the deadline? tammy simpson writes -- peggy fleming says -- >> a lot of people fired up obviously over this. >>> traffic is back to normal on the springfield interchange, even while virginia state police continue to investigate a deadly accident there. this happened around 7:00 last night when a tractor-trailer stopped in traffic, was rear- ended by a pickup truck. three people inside the pickup truck died at the scene. the driver of the tractor- trailer was not hurt. >>> d.c. police are offering a $25,000 reward for information leading to the arrest in the shooting death of a capitol hill man. jason emma was shot multiple times the morning of christmas e
MSNBC
Dec 28, 2012 3:00pm PST
. breaking news, president obama urges congress to make a deal to overt the fiscal cliff. he announces no deal, but progress may be in sight. >> and that would be the wrong thing to do for our e con mu. it would be bad for middle class families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> it comes after speaker boehner left the white house. he didn't say anything to reporters and neither did anyone else who was seen leaving the meeting. here's what we do know. in just four days, taxes will go up on millions. and millions more will have their vital unemployment benefits run out. that's why president obama organized the meeting with vice president biden, speaker boehner, nancy pelosi and senators reid and mcco
NBC
Dec 28, 2012 5:00am EST
whether the country will go over the so-called fiscal cliff. president obama is meeting with congressional leaders at the white house. today's talks come as house lawmakers prepare to return to washington for a rare sunday evening session. nbc's danielle lee joins us live on the hill. good morning, danielle. >> erika, good morning. the pressure is on with just four days left to avoid the fiscal cliff. an unsuccessful meeting between the president and congressional leaders could seal this country's fate. this is in many ways a final opportunity to reach a deal. another development, house members no longer on stand by. they're now coming back to washington by sunday evening to be ready for a vote without a deal taxes will go up on every work rer. unemployment benefits, the extensions will expire and there's going to be spending cuts that could threaten a recession. with all of that at stake, senators back early yesterday from their holiday, they were still continuing the bickering. republicans say they are willing to compromise on taxes. but not on more government spending. they say they're
NBC
Dec 28, 2012 11:00pm EST
a potential compromise to avoid the fiscal cliff. mcconnell believes there could be a tentative agreement by sunday. this progress comes after president obama met with congressional leaders at the white house today for about an hour. >> i'm modestly optimistic that an agreement can be achieved. nobody's going to get 100% of what they want, but let's make sure that middle class families and the american economy and, in fact, the world economy, aren't adversely impacted because people can't do their jobs. >> if there is no deal, taxes will go up next week for most americans. there will be sharp spending cuts and 2 million people will lose their extended unemployment benefits. >>> on "meet the press" this sunday, president obama will sit down for an exclusive interview with david gregory as the fiscal cliff deadline approaches. watch the interview this sunday morning at 10:30 here on nbc 4. >>> a huge turnout at the what's called the nation's gun show in shantilly, virginia, today. thousands of people attended. some vendors sold out. it is marred by controversy following the shooting at sand
CBS
Dec 31, 2012 5:00am EST
the next few days the words fiscal cliff will be pretty much unavoidable. there is one thing you need to be prepared for, for many of you, your paycheck will go down in the new year. and here's why. the payroll tax cut was cut by two percentage points over the last two years to give the economy a little bit of a nudge. experts say that tax holiday is come to an end and the small tax break adds up over the course of a year. the center on budget policy says it is about $100 billion that will come out of our paychecks collectively and go to the tax man. goldman sachs said it would shave off the economic growth and here is the impact on you. let's say you make $50,000 a year. that works out to be about $20 a week according to the urban tax policy center. 20 bucks doesn't feel like much, but if you do the math, it adds up to about a thousand dollars less that you are going to be taking home in your paycheck. and that hurts. >> and your bills are going up. 5:37. if you forgot to make new year's eve plans, we have a couple of ideas for you later this hour. >> plus if you want to see a 150-ye
CNN
Dec 29, 2012 7:00am PST
over the fiscal cliff is having a ripple effect from washington to wall street. u.s. stocks ended the session in the red on friday for the fifth straight day. a triple-digit loss for the dow, that tumbled 158 points. the nasdaq lost almost 26 points while the s&p 500 shed almost 16 points. >>> in washington, each side of the aisle is pleading its case directly it the taxpayer. both the president and the republicans talking about the fiscal cliff in their weekly addresses. the president said yesterday he was modestly optimistic about a deal, but here he seems to hint at his own plan b if the senate can't reach a deal. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up or down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job, and lays the groundwork for future progress on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as these leaders allow it to come to a vote. >> for the r
FOX Business
Dec 24, 2012 9:20am EST
on the markets. futures are down a little bit. a lot of concerns about the fiscal cliff. we mentioned earlier, also concerns about this potential strike that could affect ports all over the northeast and in the gulf as well. so you've got ports in houston, got ports in newark, a lot of commodities moving in and out and this could be a lousy way to start the new year. as we do hear the opening. [bell ringing] . there's no movement as of yet, but expecting slow trading and the market goes down and we'll wait and see how exactly it shakes out. nicole, there's already some trouble over the new blackberry ten that has some rim investors concerned. tell us what that is. >> well, this one is concerning investors late last week, we saw the stock drop over 20% last week, on friday, and now we're seeing much of the same. the down arrow continues here for research in motion. the question, it's not bad enough that they face intense computation in this case, but in this case they're talking about the service fees they charge the wireless carriers and generate about a third of their revenue. how these encr
NBC
Dec 27, 2012 5:00pm EST
. roping off the fiscal cliff. president obama and congress return, but they will need support from house republicans to pass the deal. is congress any closer to a compromise? >> a small village in the dominican republic has a new school thanks in part to local administrator. i have details, next. >> of baltimore school administrator is making a difference around the globe. >> this is great. she volunteered for a week in dominican republic and helped build a new school their. >> claire donehower is the assistant principal at the kennedy krieger school in baltimore. she took on another role as a volunteer in a mission to the dominican republic. >> i think it was a unique chance to take my love of working with kids and bring it into a completely different area. >> she was one of 40 volunteers chosen to complete the elementary school in a small village. they did everything from building walls with cinderblocks to painting to stuccoing. but her favorite part was interacting with the community. >> it was such a powerful experience and different than i expected. i wanted to save everyone from t
ABC
Dec 26, 2012 5:00am EST
-duty shooting and the man they took out. >>> also this morning, the fiscal cliff is coming. the president's vacation is a bit short. president obama now heading back to the nation's capitol to continue talks before your taxes go up in 2013. details coming up on this wednesday morning. thanks for joining us, i'm charley crowson. >> i'm megan pringle. i hope you had had a very merry christmas or a wonderful holiday. thank you so much for joining us the day after. some of you have the day off, others are plan ong going to the mall and doing that sort of elbowing. >> get it started. >> that's right. you gotta make those returns. >> hand-to-hand combat out there. weather could play a factor. let's check in with meteorologist mike massco and see what's in store for a day that could be pretty wet. >> wintery to the north. guys, what's the etiquette on regifting, you gotta way wait a day? >> you don't do it, that's the etiquette. >> that just cleared it up for me. >> regifting is from the right hand to the left. >> let's have a chat later. 32 in town right now. nothing going on advisory wise for
CSPAN
Dec 27, 2012 7:00am EST
time. we appreciate the update on the fiscal cliff. here is "politico" -- a lot of similar headlines in other publications this morning. we want to hear from business owners on the fiscal cliff and if it is affecting your plans for 2013. you can see the numbers on the screen. business owners only. small or large businesses. from the hill newspaper -- that's from the hill newspaper this morning. finally, from "politico" -- our first call this morning, from business owners only, about your views on the fiscal cliff, comes from jim in hot springs national park, arkansas. what kind of business do you own? caller: the last one i had, i was in the construction business. and when i sold my last house i decided to move too hot springs, the first resort in america. host: you are a retired business owner? caller: right. host: if you were still running your business, how would you be looking at the fiscal cliff? caller: i've got some ideas i would like to say. the first thing we would do is eliminate all the people that do the free housing and food stamps and by about all those office expenses
NBC
Dec 27, 2012 7:00am EST
. savannah. >> thank you. from the winter storm to the political storm over the fiscal cliff, president obama is returning to washington this morning to try and work out a deal. with just five days left now, is there enough time? nbc's white house correspondent, peter alexander, good morning to you. >> reporter: good morning to you and most importantly happy birthday to you. the president hopes to bring back sunshine from hawaii, 38 degrees here and 72 in hallelujhonolulu. today, aides on both sides say no new negotiations are scheduled and no evidence of any post christmas compromise. >> reporter: cutting his christmas vacation short, president obama left hawaii overnight for washington trying to orchestrate a deal to avoid the fiscal cliff deadline just in the nick of time. if not, the consequences will be severe. more than a half trillion dollars in automatic tax hikes and spending cuts, not that lawmakers are necessarily feeling the urgency. congress is at least officially in session today but house members, most still at home haven't even been called back to the capitol. aides on both si
ABC
Dec 31, 2012 7:00am EST
on the fiscal cliff. just a matter of hours until we officially go over the edge. law maikers scrambling this morning to put together an 11th hour compromise or we'll be ringing in higher taxes with the new year. jonathan karl is in washington. >> reporter: good morning, dan. the taxes are set to go up at the stroke of midnight. talks went late into the night and will continue this morning. as washington teerts on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the big es threat to our american economy is our american congress. >> reporter: leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying, he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a counteroffer. it appears there are things that stop us from moving forward. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i placed a call to the vice president to see if he could help jump start the negotiations on hi
CBS
Dec 29, 2012 8:00am EST
of "saving like a paper." this is a treat. >> thanks for having me. >> how much does the fiscal cliff impact what we're saving on taxes? >> well for middle income people, the tax increase is going to be about $2,200 and for higher income people that's the part that's been talked about a lot, people with $200,000 in income or $250,000 per couple. they're going to get hit. then there's also going to be increases in the dividends that you pay, the dividend income that you get. there's going to be increases in capital gains taxes. >> mom, when it comes to budgeting for the future you've always taught me to put money aside in my 401(k). it was the thing you told me to do when i got my first job. what should people be doing with their retirement savings? >> right now people are in the best shape possible to save for their future. they might not feel like that after the financial crisis. but if taxes go up you're not going to be able to save as much in the future so i've been urging everyone to save as much as they can possibly save right now, and the key is going to be
CSPAN
Dec 28, 2012 2:00pm EST
's attention and that of the media is on the fiscal cliff, and i understand that. economy of the nation and the world may be at stake here. i think that sooner or later, there will be some kind of an agreement. will we are talking about here is a fundamental change in the ruling, the possibility of a fundamental change in the way the senate does business peeping basically changing the rules of the senate from either 60 votes, sometimes 67, to 51 votes, which would make as no different than the house of representatives, and of course would reduce us in many respects not to irrelevance in the minority party. here is the problem. on one side, the majority leader and the democrats are frustrated by their inability to move forward with legislation. every time there is an opposition to a motion to proceed, which takes days and then they proceed, and that has made the united states congress -- one of the reasons why the united states congress is judged the least productive congress since the year 1947. so, understandably the majority is frustrated with their inability to move legislation. on t
ABC
Dec 31, 2012 6:00am EST
. the fiscal cliff deadline is just hours away and no deal. how high will taxes go? >> some homes in the prince william counties area will not be getting a local newspaper anymore. i will have details coming up. >> thank you. 2013 with these live pictures has started in some parts of the world. they are ringing in the new year with the big fireworks display right now in new zealand. beautiful display. good morning, washington. i am scott newman. i's check out our new your forecast. >> it is a pretty decent look at 2012. it 2013 not quite as gray. most of the week should be fine. we have the clouds pushing in from the west. they will slowly increase throughout the day today. i think we will have a lot of filtered sun shine through the morning hours. 21 in manassas. at 24, dulles. 30, d.c. we will warm up throughout the day into the low to mid 40's. right about where we should be for this time of year. more on a wintry mix shortly with the seven-day forecast. let's see how things are moving this morning. a few accidents. >> that right. the major accident is in virginia on route 28, you c the veh
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